List of Unlisted Bonds in India In 2026

Unlisted bonds operate outside the public markets, making them a less visible but distinct segment of fixed-income investing. Since they are not traded on exchanges, access, pricing, and transactions are typically more selective and less transparent compared to listed instruments. For investors, this means a different risk-return dynamic where the potential for better yields comes with considerations around liquidity, accessibility, and the need for careful evaluation of the issuer.

What are Unlisted Bonds?

Unlisted bonds are debt instruments that are not traded on stock exchanges. This means they cannot be bought or sold easily through the secondary market like listed bonds.

These bonds are usually issued through private placements and are often available to a limited set of investors such as institutions, high-net-worth individuals (HNIs), or through select investment platforms.

Key Features & Benefits of Unlisted Bonds

Not Traded on Exchanges: Unlisted bonds are not available on stock exchanges, so transactions typically happen through private deals or platforms.

Potentially Higher Returns: They may offer higher interest rates compared to listed bonds due to lower liquidity.

Limited Availability: Access is often restricted to certain investors or specific platforms.

Fixed Income: Investors receive regular interest payouts based on the bond’s terms.

Flexible Structuring: These bonds may come with customized terms depending on the issuer and investor agreement.

Exposure to Different Issuers: Investors can access companies that may not issue publicly listed bonds.

List of Unlisted Bonds in India

Who Should Invest in Unlisted Bonds?

High-Risk Appetite Investors: Suitable for those comfortable with limited liquidity and higher risk.

Experienced Investors: Investors who understand bond structures, issuer risk, and private market deals.

High-Net-Worth Individuals (HNIs): Often preferred by investors who can access private placements.

Yield-Seeking Investors: Those looking for potentially higher returns than listed bonds.

Long-Term Investors: Best for investors who do not require quick liquidity.

Risks Involved in Unlisted Bonds

Liquidity Risk: Since these bonds are not listed, exiting before maturity can be difficult.

Credit Risk: Repayment depends on the issuer’s financial strength.

Limited Transparency: Information may not be as easily available as compared to listed bonds.

Valuation Risk: Pricing may not be standardized due to lack of market trading.

Higher Default Risk (in some cases): Some issuers may carry higher credit risk.

Tax Applicability on Unlisted Bonds

Tax on Interest Income: Interest earned is taxed under “Income from Other Sources” as per your income tax slab.

Short-Term Capital Gains (STCG): Taxed as per slab if sold within the defined holding period

Long-Term Capital Gains (LTCG): Taxed as per applicable rates after the holding period (generally 20% with indexation, subject to prevailing tax rules)

TDS Applicability: TDS may be applicable based on issuer policies and income thresholds.

Disclaimer

The Unlisted bond data on this page is sourced from the NSDL website and is based on publicly available market information as on 19 March 2026. Prices, yields, trade values, and other related details are subject to change in real time depending on market movements and liquidity. This content is intended solely for informational and educational purposes and should not be considered as investment advice, recommendation, or an offer to buy or sell any securities.